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Grayscale launches the first publicly traded Stacks (STX) investment product
According to Mars Finance, digital asset investment platform Grayscale has announced that its Grayscale® Stacks Trust (ticker: STCK) has begun trading publicly on the OTCQB® market. STCK was initially launched in May 2024 through a private sale and has now become the first investment product in the United States to be publicly quoted and provide exposure to Stacks (STX). This move allows investors to trade STCK through regular securities accounts. Grayscale's head of products and research, Rayhaneh Sharif-Askary, stated that this expands the ways investors can access digital assets, allowing Bitcoin-based smart contract assets to be included in traditional portfolios. Stacks founder Muneeb Ali added that this highlights the role of Stacks in expanding Bitcoin's programmable smart contract capabilities while maintaining the security of the Bitcoin network. It is reported that the Stacks network aims to expand and enhance the Bitcoin ecosystem through smart contracts and decentralized applications.